BEST FOR CSR: Nestlé Malaysia Executive Director of Finance and Control Marc Seiler (second left) with other recipients of the Malaysian Corporate Governance Index 2010 Awards.
Nestlé Malaysia was recognised for exemplary standards of corporate governance at the Malaysian Corporate Governance (MCG) Index 2010 Awards last month.
The Company triumphed over 898 organisations to receive the Best Corporate Social Responsibility Award and the Distinction Award for Corporate Governance, after successfully achieving an A+ rating equivalent to a score of more than 80%.
Marc Seiler, Nestlé Malaysia’s Executive Director of Finance and Control, accepted the dual honour from Malaysia’s Deputy Finance Minister, Senator Datuk Dr. Awang Adek Hussein, at the ceremony in Kuala Lumpur’s Renaissance Hotel.
The MCG index, created by the Minority Shareholder Watchdog Group (MSWG), aims to provide shareholders with information on best corporate governance practices among publically listed companies in Malaysia.
The annual awards ceremony names the Top 100 companies that have met specific criteria in areas such as compliance, performance, and quality of disclosure.
Assessments are made by an independent Committee of Adjudicators, including the MSWG, the Institute of Internal Auditors of Malaysia, the Malaysian Institute of Corporate Governance, and the Asian Strategy and Leadership Institute.
The recognition is one of several Nestlé Malaysia has received for excellence in corporate social responsibility and corporate governance in the past 12 months.
MAKING BANANA CHIPS: The ‘Empowering Women in Setiu Wetlands’ project was set up by Nestlé Malaysia in partnership with the World Wildlife Fund (WWF) to raise awareness among local women of their natural environment while supporting them to work together to increase their income.
For example, in August, the Company was honoured with an Asia Responsible Entrepreneurship Award (AREA) for a sustainable community development programme it created in partnership with the World Wildlife Fund (WWF) in Malaysia.
The ‘Empowering Women in Setiu Wetlands’ project was set up in one of the poorest districts in the state of Terengganu, to raise awareness among local women of their natural environment while supporting them to work together to increase their income.
Creating Shared Value
At Nestlé our approach to corporate social responsibility is 'Creating Shared Value'. In order to create long-term value for shareholders, we must also create value for society. Creating Shared Value goes beyond compliance and sustainability - it is the way we do business.
Nestlé Malaysia employs 5,000 people. It manufactures and markets a variety of popular branded products, including Milo, Nescafé, Maggi, Nespray and Kit Kat. Its portfolio includes more than 300 Halal products.
Minority Shareholder Watchdog Group